XRP is back in the spotlight as traders prepare for what could be a significant month. Crypto analyst EGRAG CRYPTO presented a forecast indicating potential major price swings in April.
XRP April Candle Structure and Key Levels
The chart posted by EGRAG shows a green monthly candle currently forming within a defined range. The lower area is marked around $1.79–$1.90, while the upper resistance lies between $2.80 and $3.00. According to the projection, price movement is expected to wick toward both ends, indicating high volatility. Support levels identified include a dense green band around $1.60–$1.70. The area near $1.79 has been marked as a possible lower wick region. Deeper zones at $1.39 and $1.24 remain as historical supports. On the resistance side, the chart indicates $2.05 as a near-term level that must be surpassed to confirm a bullish continuation. The highest projected level is $3.00.
Expected Volatility and XRP Price Action Forecast
The forecast includes a projected 62–70% move from the lower wick, which would place XRP price around the $2.90 level. Such a move is visually supported by an upward arrow on the chart. While these movements are not guaranteed to hold, the forecast suggests that traders should be prepared for sharp intraday or intraweek swings. The sideways trend seen in February and March is interpreted as consolidation. This structure may support a setup for the kind of wide price action being projected for April.
Technical Context and XRP Market Structure
EGRAG’s chart analysis uses a combination of horizontal zones and projected candle bodies to visualize potential price ranges. The resistance at $2.05 appears to be a decision point for any continued momentum. Should XRP close above that level, the price could extend to test $2.80 or even $3.00. The lower zone near $1.79 is expected to act as a wick area rather than a firm close. Buyers have historically entered around this range, making it a strategic level for accumulation during high volatility phases.
EGRAG CRYPTO’s analysis has gained attention in the XRP community, with many watching closely for a break from the prolonged consolidation phase. As April unfolds, the projected levels of $1.79 and $3.00 remain in focus.
